Empowered Funds LLC Makes New Investment in BrightView Holdings, Inc. $BV

Key Points

• Empowered Funds LLC acquired 436,743 BrightView shares worth approximately $6.19 million, representing about 0.47% of the company. Institutional investors collectively own 92.41% of BrightView.
• Analyst views remain mixed: BrightView has a consensus rating of “Hold” and an average price target of $14.10, despite some buy ratings and multiple recent downgrades to sell or strong sell.
• BrightView’s latest quarterly results missed expectations, with EPS of $0.17 versus the $0.29 consensus and revenue of $717.6 million versus $726.13 million expected. Director William L. Cornog separately bought 50,000 shares at $11.25 each.

Empowered Funds LLC bought a new position in BrightView Holdings, Inc. (NYSE:BV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 436,743 shares of the company's stock, valued at approximately $6,189,000. Empowered Funds LLC owned about 0.47% of BrightView as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BV. Public Employees Retirement System of Ohio bought a new stake in BrightView during the second quarter worth $41,000. BNP Paribas Financial Markets grew its stake in BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company's stock valued at $93,000 after purchasing an additional 2,240 shares during the period. Tower Research Capital LLC TRC grew its stake in BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company's stock valued at $94,000 after purchasing an additional 3,909 shares during the period. Glenmede Investment Management LP purchased a new stake in shares of BrightView during the 3rd quarter valued at $139,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of BrightView during the 1st quarter valued at $145,000. 92.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BV shares. BTIG Research reissued a "buy" rating and issued a $16.00 price target on shares of BrightView in a report on Monday, May 11th. Oppenheimer began coverage on shares of BrightView in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 price objective on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of BrightView in a research note on Friday, July 31st. Wall Street Zen downgraded shares of BrightView from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Zacks Research lowered shares of BrightView from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, BrightView has a consensus rating of "Hold" and an average price target of $14.10.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. Cornog bought 50,000 shares of BrightView stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the purchase, the director directly owned 70,000 shares of the company's stock, valued at approximately $787,500. This trade represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.80% of the stock is owned by insiders.

BrightView Stock Up 0.5%

Shares of NYSE BV opened at $11.28 on Monday. The business's fifty day moving average price is $13.07 and its 200-day moving average price is $12.73. BrightView Holdings, Inc. has a one year low of $10.42 and a one year high of $15.00. The stock has a market capitalization of $1.05 billion, a PE ratio of -45.12, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.12). The firm had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, equities research analysts anticipate that BrightView Holdings, Inc. will post 0.4 EPS for the current year.

About BrightView

BrightView Inc NYSE: BV is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.

Want to see what other hedge funds are holding BV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BrightView Holdings, Inc. (NYSE:BV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.